Freedom and liberty are the foundation of America. This love of freedom requires that freedom for others be just as important as freedom for you. Today this commitment to freedom is being superceded by a constant government expansion that will leave all of us subservient to the power of bureaucrats.

Tuesday, May 04, 2010

Consider these figures. The current size of the American economy is roughly $14 trillion. As of this writing, the federal government's total public debt stands at nearly $13 trillion.

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This, however, is not the worst of it, because the national debt represents only a relatively small portion of our government's total financial obligations. The far greater bulk is made up of long-term liabilities inherent in entitlement programs. According to the latest estimates by the Dallas Federal Reserve, the combined liabilities of Medicare, Social Security, and Medicaid amount to an astounding $104 trillion.

Think that the recent (unadjusted) government claim that our economy grew 3.2% last month is anything but an irrelevant illusion? The recent 2% spike in inflation, downplayed by the Obama regime while it hypes the growth figure, is just the beginning. Nothing can stop the coming rampant inflation. Obama does not have a clue about economic issues. He is a naive and ignorant "community organizer" who is in so far over his head he cannot conceive of the damage he is doing to our nation.